Tax

The Internal Revenue Service’s program for allowing “Son of Boss” tax shelter investors to settle their tax disputes often did not lead to greater taxpayer compliance, according to a new report.

The Internal Revenue Service touted Earned Income Tax Awareness Day as a way to raise consciousness about the credit for low-income taxpayers as the economic crisis forces more Americans into lower tax brackets.

New York Governor David Paterson has signed a bill expanding the regulation of CPAs throughout the state.

Over 33 million callers could not reach the Internal Revenue Service’s toll-free assistance number last year to ask about economic stimulus payments, and the IRS could get swamped again this year with calls.

A Republican congressman has introduced a bill that would provide all U.S. taxpayers with immunity from IRS penalties and interest, but the main goal seems to be tweaking his Democratic colleagues.

The House has approved an $819 billion economic stimulus package despite unanimous Republican opposition.

Former H&R Block Chairman and CEO Mark Ernst has taken a job with the Internal Revenue Service as deputy commissioner for operations support.

The Senate Finance Committee has approved approximately $522 billion in tax cuts, incentives and investments by a vote of 14-9.

Congress and the Obama administration are crafting what is shaping up to be the single most expensive spending bill in American history, and nobody can agree on whether it will work.

The Senate Finance Committee is considering President Obama's economic stimulus package as leaders call for increased tax cuts.